Sentry Investment Management LLC Sells 29 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Sentry Investment Management LLC lessened its position in shares of Tyler Technologies, Inc. (NYSE:TYLFree Report) by 10.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 241 shares of the technology company’s stock after selling 29 shares during the period. Sentry Investment Management LLC’s holdings in Tyler Technologies were worth $93,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank bought a new position in shares of Tyler Technologies in the 4th quarter worth $164,642,000. William Blair Investment Management LLC bought a new position in shares of Tyler Technologies in the 2nd quarter worth about $185,458,000. Alliancebernstein L.P. increased its stake in Tyler Technologies by 26.3% during the 4th quarter. Alliancebernstein L.P. now owns 1,719,257 shares of the technology company’s stock valued at $554,306,000 after purchasing an additional 357,779 shares in the last quarter. Thrivent Financial for Lutherans grew its stake in shares of Tyler Technologies by 242.8% in the second quarter. Thrivent Financial for Lutherans now owns 258,641 shares of the technology company’s stock worth $107,716,000 after acquiring an additional 183,187 shares during the period. Finally, Select Equity Group L.P. grew its stake in shares of Tyler Technologies by 101.0% in the first quarter. Select Equity Group L.P. now owns 327,305 shares of the technology company’s stock worth $116,075,000 after acquiring an additional 164,478 shares during the period. Institutional investors own 91.28% of the company’s stock.

Tyler Technologies Stock Down 0.1 %

Shares of TYL stock traded down $0.37 during mid-day trading on Friday, hitting $428.88. 76,368 shares of the stock traded hands, compared to its average volume of 183,463. The stock has a market cap of $18.06 billion, a P/E ratio of 115.70, a P/E/G ratio of 4.45 and a beta of 0.81. The stock’s fifty day moving average is $415.10 and its two-hundred day moving average is $399.40. Tyler Technologies, Inc. has a 52-week low of $305.06 and a 52-week high of $451.71. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.93 and a quick ratio of 0.93.

Tyler Technologies (NYSE:TYLGet Free Report) last posted its quarterly earnings data on Wednesday, November 1st. The technology company reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.19. Tyler Technologies had a net margin of 8.22% and a return on equity of 8.86%. The firm had revenue of $494.68 million for the quarter, compared to the consensus estimate of $495.47 million. Equities analysts predict that Tyler Technologies, Inc. will post 5.76 EPS for the current year.

Insider Activity

In related news, Director Dustin R. Womble sold 1,231 shares of the stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $408.66, for a total value of $503,060.46. Following the transaction, the director now owns 12,805 shares in the company, valued at approximately $5,232,891.30. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, CFO Brian K. Miller sold 10,000 shares of the stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $414.89, for a total value of $4,148,900.00. Following the transaction, the chief financial officer now owns 13,862 shares in the company, valued at approximately $5,751,205.18. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Dustin R. Womble sold 1,231 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $408.66, for a total value of $503,060.46. Following the completion of the sale, the director now owns 12,805 shares in the company, valued at approximately $5,232,891.30. The disclosure for this sale can be found here. Insiders have sold a total of 50,112 shares of company stock worth $20,742,904 over the last 90 days. 2.20% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

TYL has been the topic of several analyst reports. StockNews.com began coverage on shares of Tyler Technologies in a report on Thursday, October 5th. They set a “hold” rating on the stock. Oppenheimer boosted their price target on shares of Tyler Technologies from $450.00 to $480.00 and gave the stock an “outperform” rating in a research report on Friday, November 3rd. JMP Securities restated a “market outperform” rating and issued a $490.00 price target on shares of Tyler Technologies in a research report on Thursday, January 4th. Needham & Company LLC reiterated a “buy” rating and set a $475.00 price objective on shares of Tyler Technologies in a research report on Thursday, January 18th. Finally, Piper Sandler boosted their price objective on shares of Tyler Technologies from $465.00 to $480.00 and gave the company an “overweight” rating in a research report on Friday, November 3rd. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $447.79.

Read Our Latest Stock Analysis on TYL

Tyler Technologies Company Profile

(Free Report)

Tyler Technologies, Inc provides integrated information management solutions and services for the public sector. It operates in two segments, Enterprise Software, and Platform Technologies. The company offers financial management solutions, including modular fund accounting systems for government agencies or not-for-profit entities; utility billing systems for the billing and collection of metered and non-metered services; products to automate city and county functions, such as municipal courts, parking tickets, equipment and project costing, animal and business licenses, permits and inspections, code enforcement, citizen complaint tracking, ambulance billing, fleet maintenance, and cemetery records management; student information and transportation solutions for K-12 schools; and financial management systems.

See Also

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Institutional Ownership by Quarter for Tyler Technologies (NYSE:TYL)

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